News Archive for: July 2014

Chancellor George Osborne will today announce plans for a “game changer” tax break to boost North Sea oil and gas exploration.

The allowance for ultra high pressure, high temperature fields will create billions of pounds worth of investment and thousands of jobs, the Conservative MP said.

Mr Osborne said the UK…

Despite concern about depleting reserves, innovation in the energy sector is particularly strong. Businesses working in the North Sea recognise that what they learn here about deep-water extraction will stand them in good stead when working or servicing fields in other parts…

Eco (Atlantic) Oil & Gas Ltd. has executed a Farm-out agreement with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc., pursuant to which Tullow has agreed to acquire up to a 40% working interest in Block 2012A (Cooper Block) in the Walvis Basin, offshore Namibia.

This Farm-In,…

It is with some pride that Marvin Odum, the president of Shell Oil and director of its upstream business in the Americas, talks about the rapid pace at which his company is reaching new depths in the Gulf of Mexico. “More people have walked on the moon than have…

Oil & Gas UK has welcomed today’s report: ‘Delivering UK Energy Investment 2014′ from the Department of Energy & Climate Change (DECC), as a useful contribution to the debate around the future of the oil and gas industry.

Malcolm Webb, Oil & Gas UK’s chief executive, said: “As the biggest investor…